The leu opened at 4.360/4.362 against the euro, compared to 4.3585/4,361 at closing the day before.

Within the first hour of trading, the leu continued to weaken and, at around 10:15 local time, it was trading at 4.365/4.367 against the euro.

The central bank’s reference strengthened modestly Tuesday to 4.3588 units, from a 17-month low of 4.3608 units a day earlier.

On the money market, overnight rates stayed at 2%-2.5% a year.